Analysts expect Express, Inc. (NYSE:EXPR) to post sales of $485.92 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Express’ earnings. The lowest sales estimate is $479.79 million and the highest is $498.00 million. Express reported sales of $478.54 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The business is scheduled to issue its next earnings report on Wednesday, August 22nd.
According to Zacks, analysts expect that Express will report full year sales of $2.16 billion for the current year, with estimates ranging from $2.14 billion to $2.19 billion. For the next year, analysts anticipate that the business will report sales of $2.22 billion per share, with estimates ranging from $2.16 billion to $2.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Express.
Express (NYSE:EXPR) last posted its quarterly earnings data on Thursday, May 31st. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Express had a net margin of 1.14% and a return on equity of 5.39%. The company had revenue of $479.40 million during the quarter, compared to analysts’ expectations of $460.78 million. During the same period in the prior year, the company posted ($0.07) earnings per share. Express’s revenue for the quarter was up 1.1% compared to the same quarter last year.
Several research analysts recently issued reports on EXPR shares. ValuEngine lowered shares of Express from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Wedbush started coverage on shares of Express in a research note on Thursday, May 10th. They set a “neutral” rating and a $9.00 target price on the stock. Finally, Zacks Investment Research raised shares of Express from a “strong sell” rating to a “hold” rating in a research note on Monday, May 21st. Eight analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of $8.83.
In related news, EVP James A. Hilt sold 11,000 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $9.41, for a total transaction of $103,510.00. Following the transaction, the executive vice president now directly owns 102,557 shares of the company’s stock, valued at $965,061.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of Express by 2.4% in the first quarter. Principal Financial Group Inc. now owns 614,787 shares of the company’s stock valued at $4,402,000 after buying an additional 14,244 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Express by 1.7% in the first quarter. Royal Bank of Canada now owns 363,748 shares of the company’s stock valued at $2,604,000 after buying an additional 6,082 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Express by 19.4% in the first quarter. Legal & General Group Plc now owns 250,020 shares of the company’s stock valued at $1,795,000 after buying an additional 40,593 shares in the last quarter. Harvest Capital Strategies LLC lifted its stake in shares of Express by 20.0% in the first quarter. Harvest Capital Strategies LLC now owns 3,060,280 shares of the company’s stock valued at $21,912,000 after buying an additional 510,280 shares in the last quarter. Finally, Lyon Street Capital LLC lifted its stake in shares of Express by 218.7% in the first quarter. Lyon Street Capital LLC now owns 291,445 shares of the company’s stock valued at $2,087,000 after buying an additional 200,000 shares in the last quarter.
EXPR opened at $9.73 on Friday. Express has a twelve month low of $5.28 and a twelve month high of $11.34. The firm has a market cap of $764.62 million, a PE ratio of 27.03 and a beta of 0.89.
Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.
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